Quote from: ImI on November 17, 2014, 01:59:25 AM

Quote from: nrd525 on November 17, 2014, 01:41:43 AM

Quote from: dinofelis on November 16, 2014, 11:50:03 AM

Quote from: Erdogan on November 16, 2014, 11:11:22 AM

Fiat is designed to lose value, 2 percent in some countries, 2 1/2 in others. Bitcoin not.

Bitcoin too, until the year 2150 or something ! Although you are right that bitcoin has monetary mass inflation until then, while many central banks have price inflation targets. The difference between both is (at constant velocity) given by economic growth.

The danger is altcoins. Altcoins = infinite inflation potential for crypto-currencies as a class. Though so far they aren't catching on.

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absolutely correct

i expected them to gain ground in 2014 and to take a big bite out of bitcoins marketcap. but they didnt. with sidechains in the making innovations could eventually build into the bitcoin protocol in the future.

but generally speaking altcoins could act as the inflation that bitcoin was trying to avoid.

altcoins are as inflationary to Bitcoin as my monopoly money is to the USD